Reserve Bank of Australia http://www.globalpost.com/taxonomy/term/28277/all en Australian central bank leaves rates on hold http://www.globalpost.com/dispatch/news/afp/130304/australian-central-bank-leaves-rates-hold <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Australia's central bank kept interest rates steady at 3.00 percent Tuesday, saying downside risks in the global economy appeared to have eased while there were signs previous cuts were working.</p> <p>At its monthly meeting in Sydney, the Reserve Bank of Australia (RBA) decided to keep its cash rate where it has been since December, a historic low last reached in 2009 in the wake of the global financial crisis.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130304/australian-central-bank-leaves-rates-hold" target="_blank">read more</a></p> Macroeconomics Monetary policy Reserve Bank of Australia AFP Tue, 05 Mar 2013 04:30:11 +0000 5773498 at http://www.globalpost.com Signs low rates working, room for more stimulus if needed - Australia central bank http://www.globalpost.com/dispatch/news/thomson-reuters/130415/signs-low-rates-working-room-more-stimulus-if-needed-australia- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SYDNEY (Reuters) - Australia's central bank felt the current level of interest rates was low enough to spur growth in many parts of the economy, but noted that headwinds such as a high local dollar and cooling mining investment were likely to persist.</p> <p>In the minutes of the Reserve Bank of Australia's (RBA) April 2 meeting, where it kept the cash rate unchanged at a record low 3.0 percent, policymakers reiterated that a benign inflation outlook meant there was room ease further if needed.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130415/signs-low-rates-working-room-more-stimulus-if-needed-australia-" target="_blank">read more</a></p> Business Economics Inflation Reserve Bank of Australia Thomson Reuters Tue, 16 Apr 2013 02:00:19 +0000 5816999 at http://www.globalpost.com Signs low rates working, room for more stimulus if needed - Reserve Bank of Australia http://www.globalpost.com/dispatch/news/thomson-reuters/130415/signs-low-rates-working-room-more-stimulus-if-needed-reserve-ba <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SYDNEY (Reuters) - Australia's central bank felt the current level of interest rates was low enough to spur growth in many parts of the economy, but noted that headwinds such as a high local dollar and cooling mining investment were likely to persist.</p> <p>In the minutes of the Reserve Bank of Australia's (RBA) April 2 meeting, where it kept the cash rate unchanged at a record low 3.0 percent, policymakers reiterated that a benign inflation outlook meant there was room ease further if needed.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130415/signs-low-rates-working-room-more-stimulus-if-needed-reserve-ba" target="_blank">read more</a></p> Business Economics Inflation Reserve Bank of Australia Reserve Bank of Australia Thomson Reuters Tue, 16 Apr 2013 02:00:23 +0000 5817000 at http://www.globalpost.com Australia central bank cuts interest rate by 0.25 percentage point to record low 2.75 per cent http://www.globalpost.com/dispatch/news/the-canadian-press/130507/australia-central-bank-cuts-interest-rate-025-percentage-poi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>CANBERRA, Australia - Australia's central bank cut its key interest rate by a quarter percentage point to a record low 2.75 per cent Tuesday in an effort to boost economic growth as a mining boom cools and the strong Australian dollar erodes business profits.</p> <p>Reserve Bank of Australia governor Glenn Stevens said in a statement following the bank's monthly board meeting that economic growth was below trend in the second half of 2012 and continued to be that way in 2013. Australia's long-term trend growth rate is around 3.25 per cent a year.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130507/australia-central-bank-cuts-interest-rate-025-percentage-poi" target="_blank">read more</a></p> Australian dollar Central bank Economy of Australia Macroeconomics Reserve Bank of Australia The Canadian Press Tue, 07 May 2013 05:30:04 +0000 5832249 at http://www.globalpost.com Australia holds rates steady at 2.75% http://www.globalpost.com/dispatch/news/afp/130702/australia-holds-rates-steady-at-275 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Australia's central bank held the official interest rate steady at 2.75 percent Tuesday, with an uptick in the economy expected over time and hopes for a further fall in the mining-powered dollar.</p> <p>The Reserve Bank of Australia judged monetary policy as "appropriate for the time being" at its monthly board meeting, keeping rates on hold for a second consecutive month.</p> <p>"At today's meeting the Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time," said RBA governor Glenn Stevens.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130702/australia-holds-rates-steady-at-275" target="_blank">read more</a></p> Glenn Stevens Inflation Reserve Bank of Australia AFP Tue, 02 Jul 2013 07:31:27 +0000 5873193 at http://www.globalpost.com Australia's central bank official says sees no credit-fuelled boom in housing http://www.globalpost.com/dispatch/news/thomson-reuters/131017/australias-central-bank-official-says-sees-no-credit-fuelled-bo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SYDNEY (Reuters) - Australia is not experiencing a credit-fuelled speculative boom in the housing sector, a senior official from the Reserve Bank of Australia (RBA) said on Friday.</p> <p>The RBA's head of Financial Stability Department, Luci Ellis, made the remarks at a Q&amp;A after giving a speech in Sydney. She made no reference to monetary policy.</p> <p>(Reporting by Ian Chua; Editing by Shri Navaratnam)</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> Reserve Bank of Australia Thomson Reuters Fri, 18 Oct 2013 02:03:27 +0000 5964145 at http://www.globalpost.com Reserve Bank of Australia keeps cash rate on hold at 2.5 pct http://www.globalpost.com/dispatch/news/xinhua-news-agency/131203/reserve-bank-australia-keeps-cash-rate-hold-at-25-pct <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Xinhua News Agency </div> </div> </div> <!--paging_filter--><p>Reserve Bank of Australia keeps cash rate on hold at 2.5 pct</p> <p>SYDNEY, Dec. 3 (Xinhua) -- The Reserve Bank of Australia (RBA) decided on Tuesday to leave the cash rate unchanged at 2.5 percent at its December board meeting.</p> <p>The central bank decision to keep its policy rate on hold was widely expected by economists.</p> <p>The RBA's most recent cut came in August when it reduced the rate by 25 basis points.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Xinhua News Agency.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/xinhua-news-agency/131203/reserve-bank-australia-keeps-cash-rate-hold-at-25-pct" target="_blank">read more</a></p> Economics Glenn Stevens Reserve Bank of Australia Xinhua News Agency Tue, 03 Dec 2013 08:52:21 +0000 6007226 at http://www.globalpost.com Australia central bank keeps rates on hold http://www.globalpost.com/dispatch/news/afp/131203/australia-central-bank-keeps-rates-hold-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Australia's central bank held interest rates at their record 2.50 percent low Tuesday, saying the effects of earlier cuts had still to be fully felt.</p> <p>The Reserve Bank of Australia (RBA) kept rates on pause for a fourth consecutive month, as widely expected, after a series of cuts designed to stimulate the economy as its decade-long Asia mining boom cools.</p> <p>Governor Glenn Stevens said the board judged "that the setting of monetary policy remained appropriate".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131203/australia-central-bank-keeps-rates-hold-0" target="_blank">read more</a></p> Business Macroeconomics Monetary policy Reserve Bank of Australia AFP Tue, 03 Dec 2013 09:38:11 +0000 6007284 at http://www.globalpost.com Australia central bank holds rates at 2.5 percent http://www.globalpost.com/dispatch/news/thomson-reuters/140401/australia-central-bank-holds-rates-at-25-percent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SYDNEY (Reuters) - Australia's central bank kept its cash rate steady at a record low of 2.5 percent on Tuesday, a widely expected decision given signs past policy easing was working to stimulate the economy as desired.</p> <p>The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 20 analysts in a Reuters poll had felt the RBA would hold rates this week, although they are divided on whether the next move will be down or up..</p> <p>(Reporting by Wayne Cole; Editing by Richard Pullin)</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> Reserve Bank of Australia Thomson Reuters Tue, 01 Apr 2014 08:25:37 +0000 6110280 at http://www.globalpost.com Australia inflation lower than feared, lessens rate hike risk http://www.globalpost.com/dispatch/news/thomson-reuters/140423/australia-inflation-lower-feared-lessens-rate-hike-risk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Wayne Cole</p> <p>SYDNEY (Reuters) - Australian inflation was surprisingly tame last quarter showing a moderation that greatly lessened the pressure for a hike in interest rates this year and sent the local dollar sharply lower.</p> <p>A key measure of underlying inflation rose by only 0.5 percent in the first quarter and 2.6 percent for the year, well below forecasts of 0.7 percent and 2.9 percent respectively.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140423/australia-inflation-lower-feared-lessens-rate-hike-risk" target="_blank">read more</a></p> Economics Health Inflation Labor Reserve Bank of Australia Social Issues Thomson Reuters Wed, 23 Apr 2014 17:21:32 +0000 6128789 at http://www.globalpost.com